Cattle climb on tight supply, holiday demand - CME Hog futures mixed as pork prices dip23 May 2025 23 May 2025 2 minute read 2 minute read By: By: Global Ag Media North AmericaChicago Mercantile Exchange (CME) live cattle turned higher on Thursday, as traders adjusted their positions ahead of the Memorial Day holiday weekend and wholesale prices continued to rise on consumer beef demand, Reuters reported, citing market analysts. CME feeder cattle futures also firmed, with the most-active August contract touching a one-week high, as prices continued to firm in Midwest cash markets, traders said. CME most-active August live cattle futures settled up 1.850 cents to 210.500 cents per pound. CME August feeder cattle futures ended 3.350 cents higher at 299.775 cents per pound. Expectations that the US Department of Agriculture's (USDA) Friday cattle on feed report will show tight cattle stocks have also kept support under prices, analysts said.